Hochtief to buy Budapest Airport from BAA Plc

Hochtief plans to buy Hungary's largest airport with Caisse de Depot et Placement du Quebec and KfW Group, Hochtief said in a statement to the German stock exchange. Hochtief will own 50% of the airport.

With improvements in technology and marketing, companies have more options than ever before to put their messages across, as digitization and the emergence of smartphones, tablets and laptops have opened up a new era of marketing. Adverticumʼs new subsidiary DataMe provides a comprehensive, highly effective opportunity for advertisers to deliver relevant, appealing messages to customers.

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 192.8 billion deficit at the end of January, the Ministry for National Economy confirmed in a second reading of data released Wednesday. The deficit thus reached 14.2% of the HUF 1,360.7 bln full-year target.

The Corinthia Budapest Hotel hosted the 24th edition of the Managersʼ Ball and Awards Gala on Saturday. During the event, three Hungarian top managers were presented with awards by the National Association of Managers, according to a press release sent to the Budapest Business Journal.

The state-owned Hungarian Development Bank (MFB) will issue euro-denominated bonds with a limit of EUR 500 million over a period of one year to finance its lending programs, the MFB told state news wire MTI on Tuesday.

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 billion of bonds maturing in 2025 and 2026 for securities expiring in 2020 at a switch auction on Wednesday, national news agency MTI reported.

The Central Statistical Office (KSH) recently reported growth in gross wages; however, this has not brought the chances of buying a home any closer for a large part of the Hungarian population, a study by property listings aggregator Otthontérkép reveals.

Net profit of Graphisoft Park, a listed company that owns a business park in the north of the capital, rose 20% to EUR 3.79 million last year, lifted by higher revenues and lower taxes, an earnings report released late Tuesday shows.

Small and medium-sized enterprises are seen as the catalysts of the economy, and networking plays an essential role in helping such businesses generate revenue for each other. The International Networking Week next month aims at further expanding this area.

Venture capital fund manager PortfoLion, a member of the OTP Group, Hungaryʼs biggest commercial lender, is investing USD 5 million in big data company Starschema, PortfoLion said yesterday, as reported by national news agency MTI.